All posts tagged Inc.

A fresh face in the executive suite of Cedar Shopping Centers, Inc. has Wall Street upbeat.

News that Leo Ullman plans to retire this month from his 13-year tenure as president and chief executive of the real estate investment trust resuscitated Cedar’s roughed up stock Wednesday—even as most REIT shares were down in the dumps.

“While we admire Mr. Ullman personally and professionally and wish him all the best, we feel that the market, as reflected in CDR’s stock price, had become frustrated with the execution of the business plan, which included volatile earnings from a relatively large redevelopment pipeline,” wrote BMO Capital Markets Analyst Paul Adornato in a research note. Read More »